With the EURO STOXX 50® Corporate Bond Index Futures, Eurex provides buy- and sell-side a versatile and efficient hedging instrument to manage and replicate most of the existing interest rate and credit risk of core Eurozone countries. The Corporate Bond Index Future is a cash settled index future with a quarterly expiry and the unique advantages of an exchange traded, straight-through processed and centrally cleared product. As it has the structure of a standard Eurex index future, it can be easily added to customers’ existing infrastructure. ► Visit our website: http://www.eurexchange.com ► Twitter: http://twitter.com/eurexgroup ► LinkedIn: http://www.linkedin.com/company/eurex

1. centrally cleared product. As it has the structure of a standard
Eurex index future, the new product can be easily added
to existing infrastructure.
With the introduction of Corporate Bond Index
Futures Eurex has a unique, exchange-traded offering
for the corporate bond segment in Europe.
Lee Bartholomew, Head of Fixed Income & FX Product
R&D, Eurex
Key benefits
Futures alternative
An unrivalled trading and hedging alternative in the Euro-
pean corporate bond market, Corporate Bond Index Futures
serve as a proxy for the debt of the EURO STOXX 50®
constituents and an alternative to corporate credit default
swaps (CDS).
Optimized portfolio management
Reduce tracking risk as well as help generate leveraged
access to corporate bond beta as a portfolio overlay.
Operational efficiency
Improve daily operational procedures (e.g. cash bond
settlement procedure).
Supports the development of structured products
Offers banks that sell bespoke and structured products
an efficient hedge.
The European Fixed Income Markets are in a state of fundamental change with investment banks
and asset managers restructuring their businesses to meet new regulatory requirements. Furthermore
buy-side firms’ investment approach is undergoing structural changes as passive products such
as exchange-traded funds (ETFs) are gaining momentum. Along with an extraordinary monetary
policy, these changes are creating a need for alternative instruments for hedging and portfolio
management in the European corporate bond market.
Today, the corporate bond market plays a key role in facili-
tating economic growth, productivity and employment
in Europe. This is reflected in the constant growth of out-
standing corporate debt in the Eurozone. The recent
strong inflows into bond ETFs come after the asset class
emerged as the top-seller in 2016, with European-listed
bond ETFs drawing in a net EUR 9.1bn over 12 months.
At the same time, European corporate bonds have bene-
fited from the ECB’s Corporate Sector Purchase program,
including European non-financial bonds.
EURO STOXX 50®
Corporate Bond Index
STOXX launched the Corporate Bond Index in April 2016.
It is based on the debt of the constituents of the benchmark
EURO STOXX 50®
index, and is the only index that tracks
the performance of investment grade, EUR-denominated,
corporate bonds of the EURO STOXX 50®
constituents.
Tailored index methodology, real-time calculation every
minute and independent data source guarantee quality
of valuation services and improved market transparency.
EURO STOXX 50®
Corporate Bond Index Futures
With the EURO STOXX 50®
Corporate Bond Index Futures,
Eurex provides buy- and sell-side a versatile and efficient
hedging instrument to manage and replicate most of the
existing interest rate and credit risk of core Eurozone countries.
The Corporate Bond Index Future is a cash settled index
future with a quarterly expiry and the unique advantages
of an exchange traded, straight-through processed and
Corporate Bond Index Futures
”
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2. Spread trading opportunities
A liquid instrument to trade Eurozone corporate debt versus
5-year German government bond futures (FGBM) or
versus EURO STOXX 50®
equity index futures. Exchange
for Physicals (EFP) Services allow for the simultaneous
purchase/sale of futures along with a sale/purchase of
the underlying bond or another futures contract.
Block Trade Services
In addition to the Central Limit Orderbook (CLOB),
Corporate Bond Index Futures trades can also be agreed
bilaterally, and subsequently registered via Eurex’ T7
Entry Services. The minimum block trade threshold is
100 contracts (does not apply to EFP).
For further information please contact:
Eurex Sales
Vassily Pascalis T +44-20-78 62-72 11
vassily.pascalis@eurexchange.com
Eurex Product Development
Jutta Frey-Hartenberger T +49-69-211-149 88
jutta.frey-hartenberger@eurexchange.com
Order Number: E1E-000-0000
ARBN Number: Eurex Frankfurt AG ARBN 100 999 764
Neither Eurex Frankfurt AG (Eurex), nor its servants nor agents, is responsible for any errors or omissions contained in this publication which
is published for information only and shall not constitute an investment advice. Any information herein is not intended for solicitation purposes
but only for the use ofgeneral information. Eurex offers services directly to members of the Eurex market. Those wishing to trade in any
products available on the Eurex market or to offer and sell any such products to others should consider both their legal and regulatory position
in the relevant jurisdiction and the risks associated with such products before doing so.